What’s Autodesk Inc (NASDAQ:ADSK) Upside After This Short Interest Increase?

April 17, 2018 - By Darrin Black

Autodesk, Inc. (NASDAQ:ADSK) Logo

Investors sentiment decreased to 1.08 in 2017 Q4. Its down 0.34, from 1.42 in 2017Q3. It dropped, as 46 investors sold Autodesk, Inc. shares while 171 reduced holdings. 84 funds opened positions while 151 raised stakes. 204.78 million shares or 0.77% less from 206.38 million shares in 2017Q3 were reported.
Glg Lc reported 21,374 shares. 106,983 are held by Comerica Comml Bank. Blackrock Inc invested in 0.08% or 16.81M shares. Cibc Asset stated it has 27,565 shares or 0.02% of all its holdings. Meritage Group Inc Limited Partnership, a California-based fund reported 2.18M shares. Public Sector Pension Inv Board has 65,619 shares. Shelton reported 18,121 shares or 0.12% of all its holdings. Natl Pension Serv invested in 193,046 shares. Srs Investment Mngmt Limited Liability Corp reported 0.06% in Autodesk, Inc. (NASDAQ:ADSK). Hsbc Holdg Plc accumulated 0.03% or 170,533 shares. Lpl Fincl Lc has invested 0.02% in Autodesk, Inc. (NASDAQ:ADSK). Pictet Asset Mgmt Limited holds 0.22% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK) for 834,312 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 0.09% of its portfolio in Autodesk, Inc. (NASDAQ:ADSK). Ifc Holdg Fl owns 2,605 shares for 0.02% of their portfolio. Bb&T Corporation holds 0.2% or 101,738 shares in its portfolio.

Since March 7, 2018, it had 0 insider purchases, and 8 selling transactions for $6.09 million activity. 388 shares were sold by Di Fronzo Pascal W, worth $48,329 on Monday, April 2. 1,500 shares were sold by BEVERIDGE CRAWFORD W, worth $199,665. On Friday, March 16 the insider Underwood Paul D. sold $77,981. The insider Anagnost Andrew sold 20,499 shares worth $2.57M.

The stock of Autodesk Inc (NASDAQ:ADSK) registered an increase of 6.68% in short interest. ADSK’s total short interest was 5.56M shares in April as published by FINRA. Its up 6.68% from 5.21 million shares, reported previously. With 2.69M shares average volume, it will take short sellers 2 days to cover their ADSK’s short positions.

The stock increased 1.77% or $2.3 during the last trading session, reaching $132.02. About 174,541 shares traded. Autodesk, Inc. (NASDAQ:ADSK) has risen 50.18% since April 17, 2017 and is uptrending. It has outperformed by 38.63% the S&P500.

Autodesk, Inc. operates as a design software and services firm worldwide. The company has market cap of $28.82 billion. It operates through Architecture, Engineering, and Construction; Manufacturing; Platform Solutions and Emerging Business; and Media and Entertainment divisions. It currently has negative earnings. The firm offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; Maya and 3ds Max software products that offer 3D modeling, animation, effects, rendering, and compositing solutions; and Revit software for building information modeling.

Autodesk, Inc. (NASDAQ:ADSK) Ratings Coverage

Among 14 analysts covering Autodesk (NASDAQ:ADSK), 12 have Buy rating, 1 Sell and 1 Hold. Therefore 86% are positive. Autodesk has $200.0 highest and $52.0 lowest target. $141.14’s average target is 6.91% above currents $132.02 stock price. Autodesk had 35 analyst reports since November 13, 2017 according to SRatingsIntel. The firm earned “Neutral” rating on Wednesday, November 29 by Wedbush. RBC Capital Markets maintained the shares of ADSK in report on Wednesday, March 7 with “Buy” rating. The stock of Autodesk, Inc. (NASDAQ:ADSK) has “Buy” rating given on Wednesday, March 7 by Cowen & Co. On Wednesday, November 15 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm earned “Buy” rating on Tuesday, November 21 by Barclays Capital. The stock of Autodesk, Inc. (NASDAQ:ADSK) has “Buy” rating given on Wednesday, November 29 by Canaccord Genuity. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, November 29. The rating was maintained by Credit Suisse on Wednesday, March 7 with “Outperform”. The stock of Autodesk, Inc. (NASDAQ:ADSK) earned “Buy” rating by Cowen & Co on Thursday, February 15. The firm has “Outperform” rating given on Friday, November 17 by Credit Suisse.

Autodesk, Inc. (NASDAQ:ADSK) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.